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R22,500,000

PRIME REAL RIGHT DEVELOPMENT OPPORTUNITY.

PRIME REAL RIGHT DEVELOPMENT OPPORTUNITY.

There is a hotel draft design for this prime site, which comes with 100 basement parking bays, the retaining contiguous piled wall, as well as some of the required piled foundations.

The initial development model for this site, was a hotel development model which was designed to sell to the public.

The rooms even included a mini kitchen, making them into a bachelor type apartment unit, so the the banks would be able to approve and finance this model, because the owners could in fact live in these units if they wished to.

The real right purchase entitles an investor to the following:


Hotel already completely designed for the site by Paton Taylor Architects (see attached floor plans)
Hotel investment offer to public, with sectional title rooms being offered for sale
This new building will attach itself to and form part of The Sails
7 storeys high with roof top garden
Selling price includes the following:

- +/- 1,200m2 land footprint
- +/- 6,000 m2 of bulk
- +/- 100 parking bays in The Sails
- completed contiguous piled retaining wall
- partial piled foundations completed

A fantastic development opportunity, in a prime central position, on the canals and Timeball Square.

In the news

POINT WATERFRONT PROMENADE OPENING
POINT WATERFRONT PROMENADE OPENING THIS SATURDAY!!!! THE Durban Promenade extension will officially open to the public on this coming Saturday, the 16th November. The mayor, Mxolisi Kaunda, will walk the 8km route from Blue...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Point Waterfront Realty website is accurate and up to date, Point Waterfront Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

297,339.16

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